Aston Bay and American West Metals Report 22.9m @ 8.5% Cu Intersected at the Storm Project, Nunavut, Canada

Aston Bay and American West Metals Report 22.9m @ 8.5% Cu Intersected at the Storm Project, Nunavut, Canada

Drill results outside of known mineralization confirm the expansion potential

Cyclone resource upgrade and expansion:

  • Assays confirm that the resource drilling around and within the Cyclone Deposit has intersected further thick high-grade copper intervals including:

  • Drill hole SR24-093 was drilled 75m southof the current known area of mineralization and has intersected:

    • 53.3m @ 3.9% copper (Cu), 12.6 grams per tonne (g/t) silver (Ag) from 86.9m downhole, including,

      • 22.9m @ 8.5% Cu, 17.8g/t Ag from 86.9m downhole, including,

        • 9.1m @ 14.4% Cu, 21.3g/t Ag from 93m downhole

  • Drill hole SR24-070 has intersected:

    • 45.7m @ 1.9% Cu, 9.4g/t Ag from 35.1m downhole, including,

      • 27.4m @ 3.1% Cu, 14.6g/t Ag from 35.1m downhole, including,

        • 15.2m @ 4.2% Cu, 16.2g/t Ag from 35.1m downhole

  • Drill hole SR24-045 has intersected:

    • 57.9m @ 1% Cu, 4.3g/t Ag from 32m downhole, including,

      • 10.7m @ 3.2% Cu, 16.0g/t Ag from 65.5m downhole

Sealift and 2025 program preparation:

  • NEAS cargo ship MV Mitiq has successfully completed the 2024 sealift operation at Storm

  • The sealift has delivered large quantities of supplies directly on Somerset Island for the 2025 exploration, resource expansion, and development programs, which is expected to save an estimated $4 Million on the 2025 budget

  • Bulk samples containing copper were also transported offsite via the cargo ship, demonstrating the complete logistics chain for the potential direct shipping product mining operation

TORONTO, ON / ACCESSWIRE / September 27, 2024 /Aston Bay Holdings Ltd. (TSXV:BAY)(OTCQB:ATBHF) ("Aston Bay" or the "Company") is pleased to provide an update on drilling activities at the Storm Copper Project ("Storm" or the "Project") on Somerset Island, Nunavut. The exploration program is being conducted by American West Metals Limited ("American West"), who is the operator of the Project. Aston Bay and American West have formed a 20/80 unincorporated joint venture in respect of the Storm Project property, with Aston Bay maintaining a free carried interest until a decision to mine upon completion of a bankable feasibility study.

Thomas Ullrich, Chief Executive Officer of Aston Bay, commented:

"It is exciting to hit such a long interval of high-grade copper outside of the previously known zone of mineralization as we work toward calculation of a maiden resource estimate this fall. This suggests there is more to be found, and it bodes well for additional discoveries and expansion of the known existing mineralization with next year's campaign.

"We congratulate NEAS on the arrival of their cargo ship MV Mitiq into Aston Bay. This sealift is a first for the project that will significantly reduce the cost for both the delineation drilling and exploration diamond drilling programs next year. The successful operation demonstrates that bulk cargo and equipment can be economically transported to the project and that potential products could be delivered to market on the return journey. This will play an important part in future programs and development plans at Storm."

Figure 1: NEAS cargo ship MV Mitiq at anchor in Aston Bay for the Storm Project sealift.

EXCEPTIONAL COPPER INTERSECTIONS CONTINUE AT CYCLONE

Assay results from the latest batch of drill holes have been received and continue to highlight the expansion and upgrade potential of the Cyclone Deposit (Figure 2).

The latest assays have confirmed very thick and high-grade intersections of copper within and outside of the current known mineralization envelope, particularly at the west end and to the south of the deposit. The west end of Cyclone hosts the shallowest and highest-grade copper mineralization within the deposit, considered very favourable for a potential open-pit mining operation in future. The infill drilling also continues to confirm the excellent lateral continuity of the mineralization.

Assays for the remainder of the outstanding drill holes are expected in batches over the coming weeks.

Figure 2: Plan view of the Cyclone Deposit showing the copper mineralized zone outlines and historical and recent drilling, overlain on regional geology.

DRILL HOLE SR24-093 DETAILS

SR24-093 was drilled to the southwest of the Cyclone Deposit and to a downhole depth of 150.9m (Figure 3). The drill hole was designed to follow up other strong copper intersections outside of the known mineralization in the southern area including SR24-009 which intersected 15.2m @ 1.4% Cu, including 1.5m @ 6.4% Cu from 109.7m downhole (See August 15, 2024, Aston Bay news release.

Drill hole SR24-093 intersected 53m of strong chalcocite mineralization (53.3m @ 3.9% Cu) from 86.9m downhole with an intensely mineralized zone and semi-massive sulfide zone between 86.9m and 109.7m downhole averaging 8.5% Cu over 22.9m (Table 1).

The mineralized Allen Bay host rock in SR24-093 is displaced downward relative to the Cyclone Deposit south of the large fault that forms the northern boundary of the Central Graben. The faults that define this large block of down-dropped prospective rock within the Central Graben either host or are spatially associated with the majority of the copper mineralization at Storm. The graben block itself, with the prospective Allen Bay stratigraphic horizon covered by the barren overlying Douro formation at the surface, is little explored. These new intercepts highlight the potential for the Central Graben to host significant copper mineralization concealed at depth.

The large 75m step-out from the previous drilling, thickness, and grade of the copper mineralization are promising for the discovery of additional mineralization to the southwest of the Cyclone Deposit and elsewhere in the large but underexplored Central Graben.

Figure 3: N-S geological schematic section view through SR24-093 and SR24-073 showing the recent drill hole locations, recent assays, and the interpreted zones of copper mineralization..

DRILL HOLE SR24-045 and SR24-070 DETAILS

SR24-045 and SR24-070 are located on the same drill section and have intersected intense copper sulfide mineralization on the margins of the known zones of mineralization at Cyclone (Figure 2).

Mineralization in both drill holes consists of zones of intense vein- and fracture-style copper sulfide mineralization with thick intervals over 3% Cu hosted within fractured dolomite of the Allen Bay Formation.

The dominant copper sulfide mineral observed within the drill holes is chalcocite, with minor bornite and chalcopyrite on the margins of the mineralized intervals and within veins. The mineralogy and intensity of copper mineralization is typically characterized by significant lateral continuity within Cyclone.

Figure 4: Geological section view at 464,850E showing the mineralized intervals (>0.2% Cu) for drill holes SR24-011, SR24-15 and SR24-023, and the interpreted zones of copper mineralization.

SEALIFT - DEMONSTRATION OF COMPLETE LOGISTICS CHAIN

The NEAS cargo ship MV Mitiq has recently completed a sealift operation at the Storm Project. The ship anchored in Aston Bay and has delivered large quantities of aviation and diesel fuel, salt for diamond drilling, lumber, heavy machinery, and other supplies in preparation for the 2025 exploration and delineation drilling program.

The sealift is carried out using large, tugboat-guided barges maneuvered onto a suitable beach (Figure 5), and then off-loaded using large wheeled loaders. Materials are hoisted from the ship to the barges (and vice versa) using large cranes. This system eliminates the need for wharves or other port infrastructure to load and unload cargo (Figures 6 & 7).

The sealift has also demonstrated the loading operations and sent bulk samples of RC chips off-site. The mineralized samples will be used for metallurgical purposes and the process has demonstrated the complete logistics chain for a potential mining operation at the Storm Project: it is envisaged that potential copper direct shipping product would be transported to market in sea containers via sealift on empty ships returning to port on the east coast of Canada.

Whereas the sealift has incurred expenses on the 2024 program, the exercise is expected to save approximately $4m on the 2025 program budget.

Figure 5: Photo of the sealift tug and barging operation underway on Aston Bay, Nunavut.

Figure 6: Offloading of cargo at the Storm Project Marine Loading Area (MLA), on the coast of Aston Bay, Nunavut.

Figure 7: Photo of the Storm Project Marine Loading Area (MLA), on the coast of Aston Bay, Nunavut.

Hole ID

From (m)

To (m)

Width

Cu %

Zn %

Ag g/t

SR24-043

91.44

99.06

7.62

0.4

0.0

0.9

100.58

102.11

1.53

0.3

0.0

1.0

105.16

106.68

1.52

0.2

0.0

2.0

SR24-045

32.00

89.92

57.91

1.0

0.0

4.3

Including

65.53

76.20

10.67

3.2

0.0

9.0

SR24-049

27.43

44.20

16.76

1.0

0.0

2.9

Including

27.43

35.05

7.62

1.5

0.0

4.0

48.77

68.58

19.81

0.4

0.0

1.3

Including

65.53

67.06

1.52

1.1

0.0

1.0

SR24-053

83.82

86.87

3.05

0.4

0.0

0.5

SR24-061

48.77

51.82

3.05

0.5

0.0

1.0

Including

42.67

45.72

3.05

1.0

0.0

2.0

and

50.29

51.82

1.52

1.1

0.0

1.0

92.96

94.49

1.52

0.5

0.0

1.0

111.25

117.35

6.10

0.2

0.0

1.0

SR24-063

22.86

36.58

13.72

1.3

0.0

4.0

Including

27.43

32.00

4.57

3.1

0.1

8.7

42.67

45.72

3.05

0.5

0.1

3.0

50.29

51.82

1.52

0.3

0.0

1.0

59.44

60.96

1.52

0.3

0.0

1.0

65.53

71.63

6.10

0.3

0.2

2.5

SR24-067

12.19

21.34

9.14

0.3

0.0

1.0

30.48

35.05

4.57

0.8

0.0

2.0

Including

30.48

32.00

1.52

1.2

0.1

2.0

44.20

45.72

1.52

0.3

1.0

3.0

50.29

62.48

12.19

1.0

0.1

4.6

Including

50.29

51.82

1.52

1.0

0.0

6.0

and

57.91

62.48

4.57

1.9

0.1

8.7

59.44

68.58

9.14

0.3

0.0

2.0

73.15

74.68

1.52

0.4

0.0

2.0

SR24-070

27.43

28.96

1.52

0.4

0.0

1.0

35.05

80.77

45.72

1.9

0.1

9.4

Including

35.05

62.48

27.43

3.1

0.1

14.6

Including

35.05

50.92

15.24

4.2

0.1

16.2

SR24-071

33.53

35.05

1.52

0.4

0.0

9.0

65.53

82.30

16.76

0.8

0.1

3.7

Including

67.06

68.58

1.52

2.3

0.0

7.0

and

79.25

80.77

1.52

2.9

0.1

15.0

SR24-072

59.44

67.06

7.62

1.0

0.0

3.8

Including

59.44

64.01

4.57

1.5

0.0

4.7

71.63

74.68

3.05

0.6

0.0

3.0

79.25

80.77

1.52

0.7

0.0

2.0

SR24-073

45.72

54.86

9.14

0.2

0.0

2.7

65.53

82.30

16.76

0.4

0.0

3.2

Including

73.15

74.68

1.52

1.1

0.0

6.0

86.87

88.39

1.52

0.6

0.0

4.0

SR24-075

97.54

105.16

7.62

0.6

0.0

4.4

Including

97.54

99.06

1.52

1.1

0.0

7.0

SR24-076

106.68

120.40

13.72

0.8

0.0

2.4

Including

109.73

112.78

3.05

2.1

0.0

5.5

128.02

129.54

1.52

0.3

0.0

1.0

SR24-087

25.91

30.48

4.57

0.5

0.0

1.7

48.77

57.91

9.14

1.0

0.0

2.8

Including

50.29

56.39

6.10

1.3

0.0

3.8

76.20

88.39

12.19

0.6

0.0

2.5

Including

76.20

79.25

3.05

1.4

0.0

4.0

SR24-089

9.14

10.67

1.52

0.5

0.0

2.0

21.34

25.91

4.57

0.4

0.0

1.7

38.10

53.34

15.24

0.4

0.0

1.5

Including

42.67

44.20

1.52

1.1

0.0

3.0

57.91

59.44

1.52

0.5

0.0

1.0

65.53

68.58

3.05

0.4

0.0

1.5

88.39

89.92

1.52

0.3

0.0

3.0

SR24-091

16.76

24.38

7.62

0.4

0.0

2.6

32.00

35.05

3.05

0.3

0.0

0.8

53.34

62.48

9.14

0.3

0.0

1.5

70.10

77.72

7.62

0.2

0.0

1.2

SR24-093

86.87

140.21

53.34

3.9

0.3

12.6

Including

86.87

109.73

22.86

8.5

0.3

17.8

Including

92.96

102.11

9.14

14.4

0.0

21.3

Including

99.06

102.11

3.05

27.7

0.0

39.0

SR24-095

39.62

41.15

1.52

0.8

0.0

3.0

SR24-097

57.91

60.96

3.05

0.2

0.1

2.5

71.63

74.68

3.05

0.3

0.0

2.0

85.34

86.87

1.52

0.4

0.0

1.0

SR24-099

62.48

73.15

10.67

0.3

0.0

1.7

83.82

86.87

3.05

0.8

0.1

1.5

SR24-101

67.06

70.10

3.05

0.4

0.0

1.5

86.87

89.92

3.05

0.2

0.0

1.5

92.96

94.49

1.52

0.3

0.0

2.0

126.49

128.02

1.52

0.9

0.0

3.0

140.21

141.73

1.52

0.5

0.0

2.0

SR24-103

65.53

71.63

6.10

0.3

0.0

1.5

94.49

108.20

13.72

0.5

0.0

1.9

Including

102.11

103.63

1.52

2.2

0.0

5.0

SR24-105

96.01

106.68

10.67

0.4

0.0

1.1

112.78

114.30

1.52

0.3

0.0

1.0

SR24-107

60.96

64.01

3.05

0.5

0.0

1.0

100.58

103.63

3.05

0.3

0.0

0.8

SR24-109

118.87

120.40

1.52

0.7

0.0

2.0

SR24-111

67.06

68.58

1.52

0.2

0.0

1.0

97.54

99.06

1.52

0.4

0.0

2.0

SR24-112

51.82

53.34

1.52

0.3

0.0

2.0

76.20

99.06

22.86

0.8

0.0

3.4

Including

76.20

85.34

9.14

1.8

0.0

6.2

Table 1: Summary of recent significant drilling intersections at the Cyclone Deposit (>0.2% Cu). The intersections are expressed as downhole widths and are interpreted to be close to true widths.

Details of the delineation drilling and exploration drill holes for the 2024 program are available at https://astonbayholdings.com/news/2024-storm-drill-hole-details/.

Qualified Person

Michael Dufresne, M.Sc., P.Geol., P.Geo., is a qualified person as defined by National Instrument 43-101 and has reviewed and approved the scientific and technical information in this press release.

About the Storm Copper and Seal Zinc-Silver Projects, Nunavut

The Nunavut property consists of 173 contiguous mining claims covering an area of approximately 219,257 hectares on Somerset Island, Nunavut, Canada. The Storm Project comprises both the Storm Copper Project, a high-grade sediment-hosted copper discovery (intersections including 110m* @ 2.5% Cu from surface and 56.3* @ 3.1% Cu from 12.2m as well as the Seal Zinc Deposit (intersections including 14.4m* @ 10.6% Zn, 28.7g/t Ag from 51.8m and 22.3m* @ 23.0% Zn, 5.1g/t Ag from 101.5m). Additionally, there are numerous underexplored and undrilled targets within the 120-kilometre strike length of the mineralized trend, including the Tornado copper prospect where 10 grab samples yielded >1% Cu up to 32% Cu in gossans. The Nunavut property is now the subject of an 80/20 unincorporated joint venture with American West (see "Agreement with American West" below for more details).

Storm Discovery and Historical Work

High-grade copper mineralization was discovered at Storm in the mid-1990s by Cominco geologists conducting regional zinc exploration around their then-producing Polaris lead-zinc mine. A massive chalcocite boulder found in a tributary of the Aston River in 1996 was traced to impressive surface exposures of broken chalcocite mineralization for hundreds of metres of surface strike length at what became named the 2750N, 2200N, and 3500N zones. Subsequent seasons of prospecting, geophysics and over 9,000 m of drilling into the early 2000s confirmed a significant amount of copper mineralization below the surface exposures as well as making the blind discovery of the 4100N Zone, a large area of copper mineralization with no surface exposure.

Following the merger of Cominco with Teck in 2001 and the closure of the Polaris Mine, the Storm claims were allowed to lapse in 2007. Commander Resources staked the property in 2008 and flew a helicopter-borne VTEM survey in 2011 but conducted no additional drilling. Aston Bay subsequently entered into an earn-in agreement with Commander and consolidated 100% ownership in 2015. Commander retained a 0.875% Gross Overriding Royalty in the area of the original Storm claims which was purchased by Taurus Mining Royalty Fund L.P. in January 2024.

In 2016 Aston Bay entered into an earn-in agreement with BHP, who conducted a 2,000-station soil sampling program and drilled 1,951m of core in 12 diamond drill holes, yielding up to 16m* @ 3.1% Cu. BHP exited the agreement in 2017 and retains no residual interest in the project. Aston Bay conducted a property-wide airborne gravity gradiometry survey in 2017 and drilled 2,913m in nine core holes in the Storm area in 2018 yielding a best intercept of 1.5m* @ 4.4% Cu and 20.5m* @ 0.6% Cu.

Agreement with American West

On March 9, 2021, Aston Bay entered into an option agreement with American West Metals Limited (American West), and its wholly owned Canadian subsidiary Tornado Metals Ltd., pursuant to which American West was granted an option to earn an 80% undivided interest in the Project by spending a minimum of CAD$10 million on qualifying exploration expenditures. The parties amended and restated the Option Agreement as of February 27, 2023, to facilitate American West directly earning an interest in the Project alongside its Canadian subsidiary without any change to the overall commercial agreement between the parties. The expenditures were completed during 2023, and American West exercised the option. American West and Aston Bay have formed an 80/20 unincorporated joint venture.

Under the joint venture, Aston Bay shall have a free carried interest until American West has made a decision to mine upon completion of a bankable feasibility study, meaning American West will be solely responsible for funding the joint venture until such decision is made. After such decision is made, Aston Bay will be diluted in the event it does not elect to contribute its proportionate share and its interest in the Project will be converted into a 2% net smelter returns royalty if its interest is diluted to below 10%.

Recent Work

American West completed a fixed loop electromagnetic (FLEM) ground geophysical survey in 2021 that yielded several new subsurface conductive anomalies. A total of 1,534m were drilled in 10 diamond drill holes in the 2022 season, yielding several impressive near-surface intercepts including 41m* @ 4.1% Cu as well as 68m of sulfide mineralization associated with a deeper conductive anomaly.

In April 2022, results of beneficiation studies demonstrated that a mineralized intercept grading 4% Cu from the 4100N area could be upgraded to a 54% Cu direct ship product using standard sorting technology. Further beneficiation and metallurgical studies are ongoing.

In April 2023, American West embarked on a spring delineation drilling program using a helicopter-portable RC drill rig as well as conducting gravity and moving loop electromagnetic (MLEM) ground geophysical programs.

The summer 2023 program conducted further delineation drilling of the near-surface high-grade copper zones to advance them toward maiden resource estimates in 2024. Deep diamond drilling during 2023 discovered high-grade copper sulfides up to 2.7% Cu at approximately 300m vertical depth (ST23-02), suggesting the potential for discovery of large-scale copper targets at depth.

Diamond drilling of new high-priority deep MLEM targets, RC delineation drilling for resource development and additional geophysical surveys are now underway in the 2024 program. Metallurgical studies and environmental baseline studies are ongoing, with bulk sampling for prefeasibility-level processing planned for summer 2024.

*Stated drill hole intersections are all core length, and true width is expected to be 60% to 100% of core length.

About Aston Bay Holdings

Aston Bay is a publicly traded mineral exploration company exploring for high-grade critical and precious metal deposits in Nunavut, Canada and Virginia, USA.

The Company is currently exploring the Storm Copper Property and Cu-Ag-Zn-Co Epworth Property in Nunavut, and the high-grade Buckingham Gold Vein in central Virginia. The company is also in advanced stages of negotiation on other lands with high-grade critical metals potential in North America

The Company and its joint venture partners, American West Metals Limited and its wholly-owned subsidiary, Tornado Metals Ltd. (collectively, "American West") have formed a 20/80 unincorporated joint venture in respect of the Storm Project property, which hosts the Storm Copper Project and the Seal Zinc Deposit. Under the unincorporated joint venture, Aston Bay shall have a free carried interest until American West has made a decision to mine upon completion of a bankable feasibility study, meaning American West will be solely responsible for funding the joint venture until such decision is made. After such decision is made, Aston Bay will be diluted in the event it does not elect to contribute its proportionate share and its interest in the Storm Project property will be converted into a 2% net smelter returns royalty if its interest is diluted to below 10%.

About American West Metals Limited

AMERICAN WEST METALS LIMITED (ASX: AW1) is an Australian clean energy mining company focused on growth through the discovery and development of major base metal mineral deposits in Tier 1 jurisdictions of North America. The company's strategy is focused on developing mines that have a low-footprint and support the global energy transformation. AW1's portfolio of copper and zinc projects in Utah and Canada include significant existing resource inventories and high-grade mineralization that can generate robust mining proposals. Core to AW1's approach is a commitment to the ethical extraction and processing of minerals and making a meaningful contribution to the communities where its projects are located.

Led by a highly experienced leadership team, AW1's strategic initiatives lay the foundation for a sustainable business which aims to deliver high-multiplier returns on shareholder investment and economic benefits to all stakeholders.

For further information on American West, visit: www.americanwestmetals.com.

FORWARD-LOOKING STATEMENTS

Statements made in this news release, including those regarding entering into the joint venture and each party's interest in the Project pursuant to the agreement in respect of the joint venture, management objectives, forecasts, estimates, expectations, or predictions of the future may constitute "forward-looking statement", which can be identified by the use of conditional or future tenses or by the use of such verbs as "believe", "expect", "may", "will", "should", "estimate", "anticipate", "project", "plan", and words of similar import, including variations thereof and negative forms. This press release contains forward-looking statements that reflect, as of the date of this press release, Aston Bay's expectations, estimates and projections about its operations, the mining industry and the economic environment in which it operates. Statements in this press release that are not supported by historical fact are forward-looking statements, meaning they involve risk, uncertainty and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. Although Aston Bay believes that the assumptions inherent in the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which apply only at the time of writing of this press release. Aston Bay disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except to the extent required by securities legislation.

Neither TSX Venture Exchange nor its regulation services provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

For more information contact:

Thomas Ullrich, Chief Executive Officer
thomas.ullrich@astonbayholdings.com
(416) 456-3516

Sofia Harquail, IR and Corporate Development
sofia.harquail@astonbayholdings.com
(647) 821-1337

SOURCE:Aston Bay Holdings Ltd.



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Aston Bay Holdings

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Aston Bay Holdings Ltd is an exploration-stage company. It is engaged in the exploration and development of gold and base metal deposits in Virginia, USA and Nunavut, Canada. Its projects are Buckingham Gold property, Virginia Gold Belt, Polymetallic Base, and Precious metals, Storm Copper Project, and Seal Zinc deposit.
Aston Bay Holdings Ltd is an exploration-stage company. It is engaged in the exploration and development of gold and base metal deposits in Virginia, USA and Nunavut, Canada.
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Aston Bay (TSXV:BAY)

Aston Bay Receives C$1.38 Million Initial Royalty Payment for the Storm Copper Project, Canada

First payment received from a total C$3.46 million allocated to Aston Bay with no use of proceeds restriction

Aston Bay Holdings Ltd. (TSXV:BAY)(OTCQB:ATBHF) ("Aston Bay" or the "Company") is pleased to announce that it has received the initial US$1 million (C$1.38 million1) in funding as part of an agreement with the Company's joint venture partner American West Metals Limited ("American West") and TMRF Canada Inc., a subsidiary of Taurus Mining Royalty Fund L.P. ("Taurus"), whereby Taurus will provide funding of up to US$12.5 million (C$17.3 million[1]) under a royalty package for the Storm Copper Project

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Aston Bay and American West Metals Report 42.7m @ 3.1% copper from the surface at the Storm Project, Nunavut, Canada

Aston Bay and American West Metals Report 42.7m @ 3.1% copper from the surface at the Storm Project, Nunavut, Canada

Thick and high-grade copper intersections from the surface at Chinook

Chinook Deposit delineation drilling:

News Provided by ACCESSWIRE via QuoteMedia

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Forte Minerals to Present at the Swiss Mining Institute Investment Conference

Forte Minerals to Present at the Swiss Mining Institute Investment Conference

Forte Minerals Corp. ("Forte" or the "Company") ( CSE: CUAU ) ( OTCQB: FOMNF ) ( Frankfurt: 2OA ) is pleased to announce that President and CEO Patrick Elliott will be attending and presenting for the first time at the prestigious Swiss Mining Institute ( SMI ) Investment Conference, taking place March 18-19, 2025, in Zurich, Switzerland.

SMI, organized by Bally Capital Advisors SA, is one of Europe's premier mining investment events, known for bringing together over 1,000 leading Asset Managers, Portfolio Managers, Fund Managers, and other professional investors from around the world. This exclusive, invite-only event highlights over 100 selected mining companies and offers unparalleled insights into the global resource sector.

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Vertex Minerals Limited  Underground Development and Production Drill Rig Purchased

Vertex Minerals Limited Underground Development and Production Drill Rig Purchased

Perth, Australia (ABN Newswire) - Vertex Minerals Limited (ASX:VTX) (OTCMKTS:VTXXF) is pleased to announce the purchase of an Epiroc Boomer TD1 development and production rig to be incorporated into the underground fleet at the Reward Gold Mine. The drill rig is specifically designed for high-speed drilling in narrow vein mining in cross sections up to 23m2.

Vertex has purchased the TD1 Jumbo so it can be used in development work and undertake production drilling.

This machine comes with a conversion kit, so that it can be rapidly converted from a face drilling machine to a long hole production rig, called a "combi".

The new base model TD1 machine is sitting in Kalgoorlie and will undergo some refitting to meet Vertex's specification. Additional production and development drill rigs are currently under review but will have longer lead times than the TD1.

Vertex Director and Mining Engineer commented.

"The TD1 Boomer is the perfect machine for the size development that we have planned for the Reward Gold Mine. Buying a new Boomer with a split feed is ideal for achieving high rates of development advance while ensuring we can install the highest quality ground support efficiently. We look forward to working closely with Epiroc and their team. Their workshop facilities are conveniently located a short 124km from Hill End in Orange and will help Vertex achieve high levels of availability."

*To view photographs, please visit:
https://abnnewswire.net/lnk/Y1GL6J22



About Vertex Minerals Limited:  

Vertex Minerals Limited (ASX:VTX) is an Australian based gold exploration company developing its advanced Hargraves and Hill End gold projects located in the highly prospective Eastern Lachlan Fold Belt of Central West NSW. Other Company assets include the Pride of Elvire gold project and Taylors Rock gold/nickel/lithium project both located in the Eastern Goldfields of WA. The focus of Vertex Minerals is to advance the commercial production of gold from its NSW projects embracing an ethical and environmentally sustainable approach.



Source:
Vertex Minerals Limited

News Provided by ABN Newswire via QuoteMedia

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Noble Mineral highlights Successful Exploration Results announced by Canada Nickel, including Highest Grade to Date at Mann West

Noble Mineral highlights Successful Exploration Results announced by Canada Nickel, including Highest Grade to Date at Mann West

(TheNewswire)

Noble Mineral Exploration Inc.

TORONTO TheNewswire - March 13, 2025 Noble Mineral Exploration Inc. ("Noble" or the "Company") (TSXV: NOB) (OTCQB: NLPXF) is pleased to announce successful exploration drilling results from its joint venture partner Canada Nickel Company Inc. ("Canada Nickel") (TSXV:CNC) in East Timmins Nickel Ltd. ("East Timmins Nickel") a private company operating in the Timmins area of Northern Ontario.

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Global Nickel Mining Market Size Forecasted to Reach $100 Billion By 2034 as Demand for Electric Vehicles Rises

Global Nickel Mining Market Size Forecasted to Reach $100 Billion By 2034 as Demand for Electric Vehicles Rises

FN Media Group News Commentary - The mining industry's increasing focus on sustainability and responsible practices is influencing nickel mining. Companies are adopting environmentally friendly processes to meet regulatory standards and consumer expectations. According to a recent report from Precedence Research said: "The global nickel mining market size is calculated at USD 56.42 billion in 2025 and is forecasted to reach around USD 100.29 billion by 2034, accelerating at a CAGR of 6.56% from 2025 to 2034. The Asia Pacific market size surpassed USD 30.81 billion in 2024 and is expanding at a CAGR of 6.65% during the forecast period. The market sizing and forecasts are revenue-based (USD MillionBillion), with 2024 as the base year. The global nickel mining market size accounted for USD 53.12 billion in 2024 and is predicted to increase from USD 56.42 billion in 2025 to approximately USD 100.29 billion by 2034, expanding at a CAGR of 6.56% from 2025 to 2034." It continued: "North America is set for swift expansion in the nickel mining market owing to a heightened need for nickel in electric vehicle (EV) manufacturing and renewable energy applications. The region's commitment to clean energy initiatives and carbon reduction fuels the demand for nickel, essential in EV battery production. Supported by favorable government policies, investments in sustainable mining methods, and advancements in mining technologies, North America stands as a pivotal player in the growing nickel mining sector on the global stage. The rapid expansion of the electric vehicle (EV) market stands as a pivotal catalyst, driving a surge in nickel demand. Nickel's indispensable role in electric vehicle batteries positions it as a cornerstone element in this burgeoning market. Projections from the International Energy Agency (IEA) indicate a noteworthy 41% increase in global electric car sales, surpassing 3 million units in 2020, underscoring the heightened nickel consumption associated with the EV boom."   Active Companies mentioned in the article includes: First Atlantic Nickel Corp. (OTCQB: FANCF) (TSX-V: FAN), TMC the metals company Inc. (NASDAQ: TMC), Tesla, Inc. (NASDAQ: TSLA), FPX Nickel Corp. (OTCQB: FPOCF) (TSX-V: FPX), Power Metallic Mines Inc. (OTCBB: PNPNF) (TSX-V: PNPN).

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Red Metal Resources Commences Sampling and Mapping Program on its Carrizal IOCG Property

Red Metal Resources Commences Sampling and Mapping Program on its Carrizal IOCG Property

Red Metal Resources Ltd. (CSE: RMES) (OTC Pink: RMESF) (FSE: I660) ("Red Metal" or the "Company")  is pleased to announce it has now commenced an extensive sampling and mapping work program to follow-up on and extend previously identified veins that make up approximately 15km of veining extending along strike from the historic Carrizal Alto mine.

This active 2025 work program will continue work delineating the vast vein system on Carrizal property and aid in refining future drill targets. All samples will be sent for assay and the Company expects a steady stream of assay results shortly.

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Vertex Minerals Limited  Key Operational Personnel added to Execute Reward High Grade

Vertex Minerals Limited Key Operational Personnel added to Execute Reward High Grade

Perth, Australia (ABN Newswire) - Vertex Minerals Limited (ASX:VTX) (OTCMKTS:VTXXF) is pleased to announce seven key operational appointments to progress the Company's operational plans for the high grade Reward Underground Gold Mine.

Alan Mills, Commercial Manager - Alan is a qualified chartered accountant with over 15 years' experience. He has worked for multinational and ASX listed mining organisations such as Glencore, Aeris Resources, Newmont Corporation and Mitsui in site and corporate senior commercial, financial and management accounting roles.

Alan holds a Bachelor of Commerce (Accounting) from Griffith University and is a member of Chartered Accountants Australia and New Zealand.

Thomas Cowan, Senior Mining Engineer - Thomas holds a B. Eng (Mining) from University of Wollongong, a Grad. Dip of Mine Ventilation and a NSW Underground Supervisors certificate. He is experienced in mine planning, drill and blast, and ventilation in both underground coal and base metals. Tom recently worked at Aeris Resources Tritton mine.

Carl Clark, Senior Mining Geologist - "Vertex holds one of the premier gold resources of NSW at Hill End. I'm excited to be part of the team to re-awaken this Australian gold mining icon". Carl has 30+ years' experience as a geologist internationally and in Australia where he cut teeth in the WA goldfields.

Julian Geldard, Senior Mining Geologist - With nearly a decade of experience in mining and exploration in various commodities, Julian has a high focus on narrow vein gold within the Lachlan fold belt. He recently worked as a Project Geologist at Ballarat Goldfields and Woods Point Gold Mine.

Dennis Fernandez, Underground Shift Boss - An underground mining veteran of 34 years, including 14 years of airleg experience, Dennis bring a wealth of knowledge and experience in narrow vein underground gold mining.

Dennis holds underground supervisor tickets for both NSW and Western Australia and was most recently employed at Tritton Operations.

Mick Irwin, Safety and Training Superintendent - Mick started with Vertex Minerals in early January 2025 after more than 20 years in the underground coal mining industry. The Reward Gold Mine project has been a massive shift in his professional and personal life, which he and his family see as move to greater things. Mick is looking forward to the opportunity of working with Vertex to develop the Reward Underground Mine.

Casey Robinson Environmental Advisor - Casey graduated from the University of Wollongong in November 2024 with a Degree in Environmental Engineering, before Starting at Vertex as Environmental Advisor in December. He is looking forward to beginning his career in the mining industry with Vertex.

Executive Chairman, Roger Jackson, said:

"We have secured a further seven outstanding senior personnel to direct our mining operations. With decades of experience, they add to the growing, dynamic Vertex team. We are rapidly advancing our operational readiness to meet the challenges of commencing mining at the Reward Gold Mine.. We are delighted to welcome Alan, Tom, Casey, Dennis, Julian, Mick and Carl to the Vertex team, leveraging their strong skills and experience".



About Vertex Minerals Limited:  

Vertex Minerals Limited (ASX:VTX) is an Australian based gold exploration company developing its advanced Hargraves and Hill End gold projects located in the highly prospective Eastern Lachlan Fold Belt of Central West NSW. Other Company assets include the Pride of Elvire gold project and Taylors Rock gold/nickel/lithium project both located in the Eastern Goldfields of WA. The focus of Vertex Minerals is to advance the commercial production of gold from its NSW projects embracing an ethical and environmentally sustainable approach.



Source:
Vertex Minerals Limited

News Provided by ABN Newswire via QuoteMedia

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